LAUNHARDT, Wilhelm.

£4,250 · Offered by Peter Harrington · No longer available

Mathematische Begründung der Volkswirtschaftslehre. First edition of Launhardt's major work, "Germany's most important and in fact only significant contribution to the 'marginal revolution' in the last three decades of the nineteenth century" (The New Palgrave).Like Dupuit, Launhardt began his professional life as a civil engineer, working for the public road administration. A professor of roads, railways and bridges at the Technische Hochschule (now the University) in Hanover, of which he later became director, Wilhelm Launhardt (1832-1918) was "a pioneer of mathematical economics, an important early contributor to the pure theory of welfare economics, a major figure in the history of location theory, and one of the few German engineer-economists of his day to carry on the tradition [of] German Classical Economics" (Blaug, Great Economists before Keynes, p. 122).Although written in the light of the second edition of Jevons's Theory of Political Economy (1879) and Walras's Mathematische Theorie der Preisbestimmung wirtschaftlicher Güter (1881), "we must accept Launhardt's claim to independent discovery 'of a similar approach'" (Schumpeter). "Two other books by Walras, sent by the author, arrived too late to be of use, nor was Launhardt acquainted with Cournot at that time. He reports that the copy he finally obtained from a library had apparently never been read, and Gossen could nowhere be found (because virtually no copies had been sold). Launhardt shows what a competent en

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